| |  | Books : When Markets Collide: Investment Strategies for the Age of Global Economic Change |  | | | | | | | | | |
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Binding: Hardcover Dewey Decimal Number: 381.101 EAN: 9780071592819 ISBN: 0071592814 Label: McGraw-Hill Manufacturer: McGraw-Hill Number Of Items: 1 Number Of Pages: 304 Publication Date: May 23, 2008 Publisher: McGraw-Hill Sales Rank: 348 Studio: McGraw-Hill
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'ONE OF THE SMARTEST INVESTORS ON THE PLANET.'--MONEY MAGAZINE
“This book is an essential read for those whowish to understand the modern world of investing.” —Alan Greenspan
When Markets Collide is a timely alert to the fundamental changes taking place in today's global economic and financial systems--and a call to action for investors who may fall victim to misinterpreting important signals. While some have tended to view asset class mispricings as mere“noise,” this compelling book shows why they areimportant signals of opportunities and risks that will shape the market for years to come. One of today's most respected names in finance, Mohamed El-Erian puts recent events in their proper context, giving you the tools that can help you interpret the markets, benefit from global economic change, and navigate the risks.
The world economy is in the midst of a series of hand-offs. Global growth is now being heavily influenced by nations that previously had little or no systemic influence. Former debtor nations are building unforeseen wealth and, thus, enjoying unprecedented influence and facing unusual challenges. And new derivative products have changed the behavior of many market segments and players. Yet, despite all these changes, the system's infrastructure is yet to be upgraded to reflect the realities of today's and tomorrow's world. El-Erian investigates the underlying drivers of global change to shed light on how you should:
- Think about the new opportunities and risks
- Construct an appropriately diversified and internationalized portfolio
- Protect your portfolio against new sources of systemic risk
- Best think about the impact of central banks and financial policies around the world
Offering up predictions of future developments, El-Erian directs his focus to help you capitalize on the new financial landscape, while limiting exposure to new risk configurations.
When Markets Collide is a unique collection of books for investors and policy makers around the world. In addition to providing a thorough analysis and clear perspective of recent events, it lays down a detailed map for navigating your way through an otherwise perplexing new economic landscape.
Customer Reviews Average Rating:  Rating: - Expected more I purchased this book at an airport while waiting for a flight.It was prominently displayed in the business section of the bookstore (perhaps that should have been a warning).The book includes endorsements from such august figures as Alan Greenspan, Seth Klarman and Michael Spence, yet I doubt if any of them actually read the book in its entirety. Moreover, Mr. Greenspan works as a consultant for PIMCO (also the employer of the author).
The book makes some decent macro-orientied ... Read More
Rating: - Excellent 5- to 10-year Outlook It's hard to imagine someone having more cred's than Mohamed El-Erian or having a better understanding of trends in the global economy, and as articulate.For those reasons alone, it's hard for investors, large or small, to justify NOT spending a little with with Mr. El-Erain.This book is a global financial compass, not a recommendation on specific companies to invest in or run from.When Markets Collide gives the reader a frank overview of the forces behind macro global financial trends (i.e, ... Read More
Rating: - When Markets Collide Great perspective on the big picture of current global markets.
Insights into possible future direction of global economies.
Easy to read for someone without an economics background.
Rating: - Thoughtful and forward-looking I think this is an excellent book that makes you think. Mr. El-Erian certainly has a very deep understanding of the current economic and financial environment and is able to convey much of this understanding to his readers. I enjoyed the book very much.
Rating: - My Worst Investment in a Long Time This book was awful. Part of the problem is that the author couldn't decide who his audience was and, as such, probably bored the pants off finance people and left regular folk scratching their heads at his absurdly opaque writing "style".
A couple quick points if you are considering buying this book:
1. It you read the newspaper most days, are reasonably intelligent and realize there is a big world with lotsa money beyond America's shores, this book will give you no new ... Read More
When Markets Collide: Investment Strategies for the Age of Global Economic Change | | | |
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